You want to keep investing after a VC or investor expressed interest in your business. This is the point at which the virtual data room is required to share more detailed documentation about your business model, strategy, traction and financials. This massive collection of documents should be organized, tracked and easily accessible. A private equity platform can provide this functionality, and it is essential to search for a company that provides security and tracking, as well as granular permission controls to ensure that the appropriate information is in the hands of the correct individuals.
Investors may also require to look over your shareholder agreements, articles, and consolidated balance sheet. This information, if available in a virtual environment can simplify due diligence, leading to faster decisions and a more efficient term sheet presentation. If your investors are in the same industry, or are part of the same network, having this information available to them can help them build trust with your staff and company.
Make sure to include only documents that are current and relevant in your investor data rooms. Included information that is outdated or inconvenient can slow down the investor’s review, potentially creating confusion and frustration. It is recommended to include short messaging or commenting features built into the virtual data room, to ensure that the investor does not need to leave the platform in order to ask a query or take a note of something.
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